Maiden Holdings Increases Quarterly Dividend on Common Shares by 7.1% and Declares Dividends on Preference Shares

Published 4:01 PM ET Tue, 1 Nov 2016
Globe Newswire

HAMILTON, Bermuda, Nov. 01, 2016 (GLOBE NEWSWIRE) -- Maiden Holdings, Ltd. (NASDAQ:MHLD) today announced that its Board of Directors approved a quarterly cash dividend of $0.15 per share of common stock, an increase of $0.01 per share or 7.1% from the previous rate. The dividend will be payable on January 17, 2017 to shareholders of record as of January 3, 2017.

Maiden’s Board of Directors also approved the following cash dividends on its preference shares that are payable on December 15, 2016 to shareholders of record as of December 1, 2016:

Series A 8.25% Non-Cumulative Preference Shares of $0.515625 per Preference Share

About Maiden Holdings, Ltd.Maiden Holdings, Ltd. is a Bermuda-based holding company formed in 2007. Through its subsidiaries, which are each A rated (excellent) by A.M. Best, the Company is focused on providing non-catastrophic, customized reinsurance products and services to small and mid-size insurance companies in the United States and Europe. As of June 30, 2016, Maiden had $6.3 billion in assets and shareholders' equity of $1.5 billion.